Geomembrane is an impermeable membrane liner or barrier used to block the movement of water, fluids, or other materials of soluble nature in man-made structures. Geomembranes are primarily manufactured from polyethylene and have use in the containment of liquid, solid waste management, mining, and other applications. These products are a relatively impermeable sheet of plastics and are generally categorized under calendared and extruded form. Key applications for geomembranes include waste management, water management, mining, tunnel liners, coal ash containment, salt farming, and others.

The key drivers contributing towards the growth of geomembranes market in the Asia-Pacific region are:

Implementation of the stringent regulations

Increased applicability of geomembranes

About the market

The Asia-Pacific geomembranes market is expected to grow at a good pace during the forecast period. The market is mainly driven by the increased demand of geomembranes in the water management and mining industry.

China is the largest market for geomembranes, the country accounted for 31.7% share of the Asia-Pacific geomembranes market in 2014. Australia & New Zealand is the second largest market for geomembranes, followed by China.

This study estimates the Asia-Pacific geomembranes market for 2015 and projects the expected demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the market. It also includes a comprehensive review of major market drivers and restraints of the market. The market is further segmented and forecast based on key countries, such as China, Japan, India, South Korea, Thailand, Indonesia, Rest of ASEAN, Australia, New Zealand, and Rest of Asia-Pacific. Various secondary sources, such as encyclopedia, directories, and databases have been used to identify and collect information for this extensive commercial study of the market. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

Competitive scenario of the top players in the Asia-Pacific geomembranes market has been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities. These include GSE Environmental LLC (U.S.), Solmax Inc. (Canada), Naue GmbH & Co. KG. (Germany), and others.

Scope of the report: This research report categorizes the Asia-Pacific geomembranes market on the basis of material type, technology, application, and country along with forecasting market size in terms of value as well as volume, and analyzing trends in each of the regions.

On the basis of applications: The market is further segmented into sub-categories as follows:

Waste Management

Water Management

Mining

Tunnel Liners

Coal Ash Containment

Salt Farming

Others

On the basis of material types: The market is further segmented into sub-categories as follows:

HDPE

LDPE

LLDPE

PVC

Others

On the basis of technology: The Asia-Pacific geomembranes market is further segmented into sub-categories as follows:

Extrusion

Calendaring

On the basis of country: The market is segmented into countries; China, Japan, India, South Korea, Thailand, Indonesia, Rest of ASEAN, and Australia, New Zealand, and Rest of Asia-Pacific.

The Asia-Pacific geomembranes market size is projected be 283.81 Million meter square by 2020, with a CAGR of 12.6% between 2015 and 2020.

The growing demand of geomembranes in various applications and the implementation of stringent regulations are the key drivers of Asia-Pacific geomembranes market. Whereas reduced margin for global players and dependency of the government authorization for approval of certain projects are hampering the growth in demand for geomembranes in the region.

HDPE geomembranes are expected to be the largest segment by type accounting for more than 54% share in 2015. LLDPE geomembranes are expected to be the fastest growing segment by type which is projected to register a CAGR of 14.5%. This is because LLDPE geomembranes are an ideal choice for many applications which require material flexibility with high strength and durability.

India and Thailand are the top two consumers of geomembranes in the Asia-Pacific market, witnessing CAGRs of 14.3% and 13.2%, respectively between 2015 and 2020. The growth is due to the demand for geomembranes in landfill application (waste management), which is most dominant among all the applications in Thailand and India.

Key participants in the Asia-Pacific geomembranes market include GSE Environmental LLC (U.S.), Solmax Inc., (Canada) and Naue GmbH & Co. KG (Germany), Agru Kunststofftechnik GmbH (Austria), and others. By adopting various development strategies, which primarily include new product development and expansion activities, the companies are expanding their product offerings and market footprint. New product launches formed the prime strategy adopted by key industry players in order to achieve growth in this market. This strategy accounted for 70% of all the growth strategies captured between 2011 and 2015. Expansion and merger & acquisition activities are the second most-preferred development strategies adopted by the top global players.